Trane Technologies plc $TT Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC decreased its stake in shares of Trane Technologies plc (NYSE:TT) by 26.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 919 shares of the company’s stock after selling 339 shares during the period. D.B. Root & Company LLC’s holdings in Trane Technologies were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TT. Ameriflex Group Inc. purchased a new stake in Trane Technologies during the second quarter worth approximately $28,000. WFA Asset Management Corp grew its stake in Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after buying an additional 50 shares during the period. Saudi Central Bank purchased a new stake in Trane Technologies during the first quarter worth approximately $30,000. Opal Wealth Advisors LLC purchased a new stake in Trane Technologies during the first quarter worth approximately $31,000. Finally, Bogart Wealth LLC grew its stake in Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT opened at $424.29 on Monday. The firm’s 50 day moving average is $421.53 and its 200-day moving average is $407.10. The stock has a market capitalization of $94.41 billion, a P/E ratio of 33.65, a P/E/G ratio of 2.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the firm posted $3.30 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. UBS Group upped their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Citigroup reduced their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. The Goldman Sachs Group increased their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus price target of $457.40.

About Trane Technologies

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.